Investing.com - The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.
GBP/USD was trading at 1.6260, down 1.03% at time of writing.
The pair was likely to find support at 1.6225, Tuesday’s low, and resistance at 1.6476, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K last week from 401K in the preceding week whose figure was revised up from 398K.
Analysts had expected Initial Jobless Claims to rise to 406K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8687 and GBP/JPY rising 1.52% to hit 128.51.
GBP/USD was trading at 1.6260, down 1.03% at time of writing.
The pair was likely to find support at 1.6225, Tuesday’s low, and resistance at 1.6476, Monday’s high.
Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K last week from 401K in the preceding week whose figure was revised up from 398K.
Analysts had expected Initial Jobless Claims to rise to 406K last week.
Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8687 and GBP/JPY rising 1.52% to hit 128.51.